RTFX TraderTip >> XAU-USD Analysis - Friday 30 July 2010

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RTFX TraderTip >> XAU-USD Analysis - 30 Jul 2010 The RF Tradertip™ is the presentation of Nostromo system that includes all the technical indicators and resumes the selected currencies pairs' situation on a daily, weekly and monthly basis. DAILY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1175.00 Scenario for today Currently uptrend should end around 1169.09 - 1172.28 area. A correction down to 1163.99 - 1162.08 is expected. A rise above 1176.10 will abort the expected correction. Key point 1172.27 Entry point 1165.54 Elliott 1157.05 Closing 1168.45 Projection 1175.00 Trendline 1159.52 Trendline 1162.00 Res 2 1176.10 Ex-High 1169.72 Res 1 1172.28 Pivot 1165.90 Sup 1 1162.08 Ex-Low 1159.53 Sup 2 1155.70 1182.07 1177.84 1164.12 1159.89   WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 1156.60 Scenario for this week It is likely to fall to 1160.88 while 1189.18 - 1195.90 area offer resistance. Above 1217.48 the outlook could turn bullish. Key point 1183.28 Entry point 1190.14 Elliott 1218.15 Closing 1187.75 Projection 1143.91 Trendline 1204.05 Trendline 1189.95 Res 2 1217.48 Ex-High 1204.05 Res 1 1202.62 Pivot 1189.18 Sup 1 1174.32 Ex-Low 1175.75 Sup 2 1160.88 1209.70 1199.48 1166.40 1156.18   Warning: End of trend MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1154.89 Scenario for this month While below 1253.85 - 1272.80 it is more likely to fall further towards 1219.70 or 1204.50. Premature rise above 1272.80 could see it rising above 1303.20 zone. Key point 1222.80 Entry point 1244.05 Elliott 1265.30 Closing 1242.40 Projection 1128.83 Trendline 1209.97 Trendline 1239.68 Res 2 1303.20 Ex-High 1265.30 Res 1 1272.80 Pivot 1234.90 Sup 1 1204.50 Ex-Low 1197.00 Sup 2 1166.60 1278.67 1254.68 1177.03 1153.04   Warning: End of trend - Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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